NASDAQ OMX Alpha Index Options
The NASDAQ OMX Alpha Indexes offer a unique way to invest in an asset regardless of overall market swings. Each index measures the return of a single stock or Exchange Traded Fund (the "Target Component") relative to the return of SPY (the "Benchmark Component"). There are currently 34 Alpha Index pairs tracking relative performance; click here to view the full list of indexes and find additional details below for the tradable index options.
| NASDAQ OMX Alpha Pair | Symbol | Index Options | Index Chart |
Comparison Chart |
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| AAPL vs. SPY Index | AVSPY | Option Chain |
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| IBM vs. SPY Index | IBMSY | Option Chain |
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| INTC vs. SPY Index | INTSY | Option Chain |
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| GE vs. SPY Index | GESPY | Option Chain |
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| MRK vs. SPY Index | MRKSY | Option Chain |
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| GOOG vs. SPY Index | GOOSY | Option Chain |
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| WMT vs. SPY Index | WMTSY | Option Chain |
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The Basics
Education Resources
NASDAQ OMX and NASDAQ OMX Alpha Index are trademarks of The NASDAQ OMX Group, Inc. The NASDAQ OMX Group, Inc. has patents pending in the U.S. and abroad for the Alpha Index Options (201cAlpha Options201d). Options involve risk and are not suitable for everyone. Past performance is not indicative of future results. An investor should review transaction costs, margin requirements and tax considerations with a broker and tax advisor before entering into any options strategy. Prior to buying or selling an option, a person must receive and review a copy of Characteristics and Risks of Standardized Options published by The Options Clearing Corporation. Copies may be obtained from your broker; one of the exchanges; The Options Clearing Corporation at One North Wacker Drive, Suite 500, Chicago, IL 60606; by calling 1-888-OPTIONS; or by visiting www.888options.com. Any strategies discussed, including examples using actual securities and price data, are strictly for illustrative and education purposes and are not to be construed as an endorsement, recommendation or solicitation to buy or sell securities. Examples do not take into consideration commissions and other transaction fees, tax considerations, or margin requirements, which are factors that may significantly affect the economic consequences of a given strategy.
Alpha in the News 
- The Street - April 4, 2012
- The Street - February 15, 2012
- The Street - February 1, 2012
- The Street - January 18, 2011
- The Street - December 28, 2011
*NASDAQ OMX is not responsible for the content included in the above links.
Related Links
Additional Resources
Contact Information
- PHLX Listings and Business Support at +1 215 496 5550
- NASDAQ OMX Global Data Products at +1 301 978 5307





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